[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
Notification No. 50/2020 – Central Tax
New Delhi, the 24th June, 2020
G.S.R (E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-
- (1) These rules may be called the Central Goods and Services Tax (Seventh Amendment) Rules, 2020.
- They shall come into force with effect from the 01st day of April, 2020.
- In the Central Goods and Services Tax Rules, 2017, in rule 7, for the Table, the following Table shall be substituted, namely:-
“Table
Sl. | Section under which | Category of registered | Rate of tax | |||||
No. | composition levy is opted | persons | ||||||
(1) | (1A) | (2) | (3) | |||||
1. | Sub-sections (1) and (2) of | Manufacturers, | other | than | half per cent. of the | |||
section 10 | manufacturers | of | such | turnover in the State | ||||
goods as may be notified by | or Union territory | |||||||
the Government | ||||||||
2. | Sub-sections (1) and | (2) of | Suppliers making supplies | two and a half per | ||||
section 10 | referred to in clause (b) of | cent. of the turnover | ||||||
paragraph 6 of Schedule II | in the State or Union | |||||||
territory | ||||||||
3. | Sub-sections (1) and | (2) of | Any other supplier eligible | half per cent. of the | ||||
section 10 | for composition levy under | turnover | of | taxable | ||||
sub-sections (1) and | (2) of | supplies | of | goods | ||||
section 10 | and services | in the | ||||||
State | or | Union | ||||||
territory |
[F. No. CBEC-20/06/09/2019-GST]
(Pramod Kumar)
Director, Government of India
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June, 2017, published vide number G.S.R. 610(E), dated the 19th June, 2017 and last amended vide notification No. 48/2020 – Central Tax, dated the 19th June, 2020 published vide number G.S.R. 394 (E), dated the 19th June, 2020.